Energy Groups Call For Government Intervention As Power Prices Skyrocket

Trade Association Energy UK – which represents over 100 members – has described record wholesale gas and power prices as a “market-wide crisis” and has criticized chancellor Rishi Sunak for the lack of a clear plan to protect the industry. Speaking to The Financial Times, chief executive Emma Pinchbeck said: “Other treasuries in Europe have already responded to the crisis, but in the UK, the energy sector is still asking if the chancellor knows that energy bills going up by over 50 percent in the new year is a problem…